313 E Providencia Avenue, Burbank, CA 91502

About this property

We are proud to represent this 8-unit apartment building in Burbank.
 The building was constructed in 1987 and has upside in rents. Its unit mix consists of (6) one-bedroom, onebathroom
 units and (2) two-bedroom, two-bathroom units. With a lot size of 7,256 square feet, the property has a total
 of 6,175 rentable square feet.
 Burbank is a highly desirable rental market and is known as the media capital of the world, which is home to Disney
 Studios, Warner Brothers, and NBC. The city has over 80 restaurants, 30 movie screens, and 200 shops; its residents
 enjoy top ranked schools, easy access to the 5 and 134 freeways, and close proximity to the Burbank Metro Link. The
 property is within walking distance to Glenoaks Blvd, which has dozens of restaurants and shops.
 The property has undergone hundreds of thousands of dollars’ worth of capital improvements over the past few
 years, including entirely remodeled kitchens, living rooms, bathrooms, and flooring. The building is non-rent control and
 has a very low cost of maintenance.
 The property is separately metered for gas and electricity

Listing description from the May 2018 sale, as reported to CRMLS.

Sale history

$2,925,000

Sold May 2018 · listed $2,950,000, on market February 2018 · MLS #SR18036334 · Source: CRMLS

Listing Agent: Cindy Hill · Listing Office: Keller Williams Realty-Studio · Contact: 818-432-1500 · Bought with: Cam Walker · Town Center Realty Group

$32,000,000

Sold October 2016 · listed $2,700,000, on market March 2016 · MLS #SR16062002 · Source: CRMLS

Listing Agent: Levon Alexanian · Listing Office: Keller Williams World Media C · Contact: 818-239-3500 · Bought with: Levon Alexanian · Keller Williams World Media C

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